Solid News

eBay Inc., Technical Analysis

9/9/2022 11:28 AM

Shares of eBay Inc., an American online retailer, are trading at 44.00.

On the daily chart, the price, having left the limits of the global downwards channel with dynamic boundaries 38.00–45.00, is kept above it, despite approaching the previously passed resistance level.

On the four-hour chart, it is seen that the attempt to enter a full-fledged correction failed, the initial Fibonacci 23.6% correction level at 50.00 was not broken, and the quotes received a downward impulse, directing them to the year's low at 40.40, which may be reached in the coming days.

Technical indicators have reversed and are holding a stable sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram forms downward bars in the sell zone.




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